Cecafé: Brazil exports a record of 4.4 million bags in May, 79.9% above the same month in 2023

Published 2024년 6월 11일

Tridge summary

Brazil's coffee exports hit a record high in May 2024, with 4.4 million bags sent out, marking a 79.9% increase from the same month the previous year. The revenue from these exports also reached a record $1,017 billion, marking an 85.9% increase year-over-year. From the start of the 2023/24 crop year until May, Brazil exported a total of 20.69 million bags, setting a new record for the first five months of any coffee season. The country is on track to break the all-time export record, with canephora coffees, also known as conilon or Robusta, driving this growth. Arabica coffee remains the most exported type, but canephora coffees have seen significant growth both in terms of volume and revenue. The international coffee market is experiencing uncertainties due to supply issues from key producers like Vietnam and Indonesia, which could favor Brazilian coffee exports and help establish Brazil as a dominant player in the global coffee market.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

São Paulo, 06/11/2024 - Brazil exported 4.4 million bags of coffee in May, a record volume for the month and 79.9% above the same month in 2023. Revenue from external shipments totaled US$1,017 billion, 85.9% above May last year. The information was released today by the Brazilian Coffee Exporters Council (Cecafé). In 11 months of the 2023/24 crop year, coffee exports totaled 43.707 million bags. In the accumulated result for the calendar year, external shipments of coffee by Brazil totaled 20.69 million bags, also a record amount for the period and which represents growth of 52.1% in relation to that measured in the first five months of last year, he said. Cecafé. In revenue, the performance is also the highest in history from January to May this year, with US$4.473 billion, an increase of 50.8% compared to US$2.965 billion in the same period in 2023. "With such a performance, Brazil is heading towards breaking the export record in this cycle, since current shipments are 2 ...

Source: Broadcast